Tuesday

Tuesday trade another weak front month soy market as we drop another 20 cents, 1445 1/4.  Corn off 4 3/4 as well, 646 1/2.  Same tune in wheat, minus 4 3/4 to 638 3/4.  Rice spread finally caught a bid with may off 4 cents, 1690.  Grain room feels oversold to me down here.  Funds can keep up the push if they want but I suspect they wont get as much reward for their effort moving forward.  People need to be out of May positions by Thursday close and looking at open interest, most have already made the move.  Dow drops 349 points on global instabilities, 33,652 and bonds gain a point and 20 tics, 132.12.   Global as well as domestic money supply squeeze and interest rate hikes are having their desired affects.  Cant buy it if you don't have the cash.